http://investor.wholefoodsmarket.com/investors/events-and-presentations/event-details/2016/2nd-Quarter-Earnings-Script/default.aspx
4 replies (most recent on top)
Wow. Stopped by my store earlier today, it was a ghost town. Normally for a saturday, at least a year ago, it would be so busy. A new competitor opened right down the street and they were packed. These things are going to continue to happen until one day when I get to work I'll be told that our store will be closing.
LOL he got it from the Corporate BS GENERATOR
http://www.atrixnet.com/bs-generator.html
Total BS from Rahodeb and company. Here was the reality: Full-year sales & profit guidance were cut further as "discounts" failed to raise sales. Same store sales dropped 3%, also profits were down and margins fell too. Oh but they "BEAT EXPECTATIONS" for earnings per share...by borrowing money to buy up shares! Woo hoo...Reduce that denominator. Meanwhile Rahodeb mumbled this nonsense: “In addition to becoming more competitive on price, we are making measurable progress in fundamentally evolving our business and providing an enhanced experience for our customers across all platforms before, during and after their visit.” -CEO John Mackey.
WHAT IN THE WORLD DOES THAT EVEN MEAN???
http://www.thestreet.com/story/13557939/1/3-reasons-why-whole-foods-quarter-was-basically-a-disaster.html
Huh, read it all. I liked how it's called a script at the end of the call notes. Indeed it is, quite a script there John.